Lesson on Monday, October 1, 2018 (L25)

Aim: How can the supply curve be used as a "tool" for studying markets?  

Bell Ringer:  Journal 25 – Describe the supply curve as described on both videos.  

Objectives: 

1. Students will define supply, demand, quantity supplied, and quantity demanded; graphically illustrate situations that would cause changes in each, and demonstrate how the equilibrium price of a product is determined by the interaction of supply and demand in the market place.  

Agenda: 

1. Bell Ringer (10 min)  

2. YouTube video on supply curve: https://www.youtube.com/watch?v=nKvrbOq1OfI  and https://www.youtube.com/watch?v=6Q_XxwqtwxY  

3. Complete the note-taking guide (Supply) using their textbook (McGraw-Hill Economics Principles and Practices pp. 116- 141) (rest of class) 

Home Learning: Complete your section of NTG